The statistical analysis tools of the time were difficult to use, and the leading tool, BMD, was originally developed for bio-medical researchers, not for social scientists.
D. in political science at Stanford University in the mid-1960s, Nie became frustrated with the computer-based statistical analysis tools available at the time.
The computer robot would then suggest the most logical output based on mathematical computation that yielded the best results within a given time period, taking into account potential statistical probabilities for failures and unpredicted consequences.
Granted, Mr Rodrik is correct to point out areas where economic research has been lacking: too much time has been spent poring over the statistical link between trade and wages, for example, and not enough on the broader effects of trade on labour markets.
The analytics include statistical modeling, functional grouping, multiple regress analysis and time series analysis, she said.
Roeder's work revises predictions of lightning deaths by fitting a statistical curve to the historic data instead of averaging over time.
Statistical analysis in sports has been around for a long time, but the topic of sports and analytics has attracted more attention in the last decade.
The probability of the hotel industry entering into recession, which is detected in real-time from HIP with the help of sophisticated statistical techniques, registered 15.3% in September, up from 12.4% reported in August.
Investors have been trying to stay afloat amid crosscurrents of conflicting economic data, yet it all boils down to one key question: Is the decline in housing a statistical anomaly related to the expiration of the first-time home buyer credit or is it a leading indicator of another sharp decline in the housing market?
Europeans work less time, but register faster productivity gains new ILO statistical volume highlights labour trends worldwide.
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Historically, new cancer drugs are tested one at a time, which allows for the types of clear statistical comparisons between drugs that regulators like.
What we find is that core inflation, at 0.6%, as well as trimmed inflation (which takes out the statistical outliers and anomalies) are both at post-war all-time lows.
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In other words that if the occurrence of something is abnormally high or abnormally low simply because of random variation, the statistical chances are that it will be much closer to the average the next time you measure it.
The algorithm could be of great interest to Twitter, which could charge a premium for ads linked to popular topics, but it also represents a new approach to statistical analysis that could, in theory, apply to any quantity that varies over time: the duration of a bus ride, ticket sales for films, maybe even stock prices.
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Mr McFadden developed ways of modelling several types of choices, such as how many children to have. (He made time for three.) Multiple choices such as this one involve complex statistical analyses, since the factors influencing a couple to have their first child may not be the same as the ones that lead the parents of three children to have a fourth.
Most people are used to juggling two discordant views of themselves and their fellow humans, one statistical, according to which what's normal is what most people do most of the time, and one rooted in what you could call the moral imagination: a there-but-for-the-grace-of-God capacity to put themselves into other people's moccasins, however horrible or untypical the circumstances.
In a press release and a five-page letter to the scientific community, Peter Kim asserts that although Merck had to correct a statistical method, the 18-month conclusion is still valid based upon the data Merck had at the time.
The White House released a report yesterday entitled Women in America: Indicators of Social and Economic Well-Being, a statistical portrait showing how women are faring in the United States today and how their lives have changed over time.
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